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LatinNews Regional Monitor: Brazil & Southern Cone - 7 May 2019

In brief: Chile

* Chile’s central bank (BCCh) has announced that its monthly economic activity index (Imacec) registered growth of 1.9% in March 2019 compared with the same month last year. The figures show that the Imacec for mining contracted by 2.1%, whereas for non-mining industries it grew by 2.3%. According to a finance ministry statement, this is the third consecutive contraction for the mining industry due to floods at the beginning of the year which paralysed production. Finance minister Felipe Larraín reaffirmed that projected annual growth for 2019 is at 3.5% and emphasised the need to not overreact to one month’s Imacec.